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The Nifty 50 Net Total Return index will be calculated in two currencies: Indian Rupee (INR) and US Dollar (USD). The index has been introduced in two variants - Nifty 50 Net Total Return (INR) and Nifty 50 Net Total Return (USD)
Earlier, the JFSL stock was scheduled to be removed from the indices on August 24.
Passive flows on account of merger will be neutral, said a note from IIFL Alternative Research
The action is timely and will take care of volatility that may ensue after the HDFC-HDFC Bank merger and the Reliance-Reliance Jio Financial Services demerger
Sensex zoomed 934 points to 52,532 and Nifty surged 288 points to end at 15,638 in the previous session.